PNC Financial Services Group Inc. Reduces Stock Position in Under Armour, Inc. $UAA

PNC Financial Services Group Inc. reduced its stake in Under Armour, Inc. (NYSE:UAA) by 62.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,932 shares of the company’s stock after selling 16,762 shares during the period. PNC Financial Services Group Inc.’s holdings in Under Armour were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in Under Armour by 620.7% during the second quarter. Parallel Advisors LLC now owns 3,892 shares of the company’s stock valued at $27,000 after acquiring an additional 3,352 shares in the last quarter. UMB Bank n.a. lifted its stake in Under Armour by 133.8% in the 2nd quarter. UMB Bank n.a. now owns 4,203 shares of the company’s stock worth $29,000 after purchasing an additional 2,405 shares in the last quarter. Twin Tree Management LP bought a new position in Under Armour in the 1st quarter valued at $44,000. GAMMA Investing LLC grew its position in shares of Under Armour by 163.3% during the 2nd quarter. GAMMA Investing LLC now owns 7,013 shares of the company’s stock valued at $48,000 after purchasing an additional 4,350 shares in the last quarter. Finally, Motley Fool Asset Management LLC bought a new position in shares of Under Armour in the first quarter worth $68,000. 34.58% of the stock is currently owned by institutional investors.

Under Armour Stock Performance

NYSE:UAA opened at $4.60 on Tuesday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 3.85 and a beta of 1.86. The business has a 50 day moving average of $4.70 and a 200 day moving average of $5.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.53 and a quick ratio of 0.93. Under Armour, Inc. has a 1-year low of $4.13 and a 1-year high of $10.53.

Under Armour (NYSE:UAA) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Under Armour had a net margin of 1.99% and a return on equity of 7.24%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm posted $0.39 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. Under Armour has set its Q3 2026 guidance at 0.030-0.050 EPS. On average, sell-side analysts predict that Under Armour, Inc. will post 0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI reduced their target price on Under Armour from $5.00 to $4.00 and set an “underperform” rating for the company in a research report on Friday, November 7th. JPMorgan Chase & Co. dropped their price target on Under Armour from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Friday, August 8th. Rothschild Redb cut shares of Under Armour from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 15th. Cfra Research upgraded shares of Under Armour from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, Telsey Advisory Group set a $5.00 price target on shares of Under Armour in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, Under Armour presently has a consensus rating of “Reduce” and a consensus target price of $6.58.

Under Armour Company Profile

Under Armour, Inc, together with its subsidiaries, engages developing, marketing, and distributing performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.